Hello,
A housewife (senior citizen) who is NOT having any business income but income only from FD and other capital gains such as Shares and mutual funds.. if she sells an immovable property and thus earns capital gains -
in above scenario - is she liable to pay any ADVANCE Tax ? (she may not necessarily buy a house property within one year and prefer to pay tax on the capital gains realised)
thanks
CAclubindia
